DIRS.INFO The most relevant business & tech news

☆ Amazon files legal complaints in Italy, Spain against fake review brokers
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

MILAN, Oct 20 (Reuters) - U.S. e-commerce giant Amazon (AMZN.O) said on Thursday it had filed legal complaints in Italy and Spain as it steps up efforts globally to shut down fake review brokers. In its first criminal complaint in Europe, Amazon said it was targeting a "high-profile broker in Italy selling fake reviews", but did not name the person. Four- and five-star reviews can aid sales, especially if customers perceive them as unbiased. Amazon also filed a civil complaint in Spain against Agencia Reviews, alleging the Spanish-based operator was fully reimbursing customers once they publish a fake 5-star review. The company also said it had sent warnings to five websites in Germany that were directing visitors to a fake review broker, adding that all have since agreed to stop this activity by signing a cease and desist letter.

☆ Mexican buy now, pay later app Nelo lands $100 mln credit line
▼ + stars: | 2022-10-19 | by ( Kylie Madry | ) www.reuters.com time to read: +2 min

Transactions made with buy now, pay later firms, through which consumers pay in often interest-free installments over weeks or months, surged during an e-commerce boom triggered by coronavirus lockdowns. At the moment, that growth will be within Mexico's borders, where credit card penetration is less than 12%, Miller said. In April, Nelo launched a virtual credit card with Mastercard (MA.N), which allows users to generate a one-time card for purchases through the app. Miller said the company uses an underwriting algorithm to determine credit limits and interest rates, and checks users' credit history with Mexico's credit bureaus. Register now for FREE unlimited access to Reuters.com RegisterReporting by Kylie Madry; Editing by Sarah Morland and Richard PullinOur Standards: The Thomson Reuters Trust Principles.

China's 'zero-COVID' policy – including stringent lockdowns, travel restrictions and mass testing - has taken a heavy toll on the country's economy. The government's crackdown on big technology companies has also had an outsized effect on the young workforce. Chinese households overall added 10.8 trillion yuan ($1.54 trillion) in new bank savings in the first eight months of the year, up from 6.4 trillion yuan in the same period last year. China is the only leading economy that cut interest rates this year, in an effort to spur growth. Fu said she switched her makeup powder brand from Givenchy to a Chinese brand called Florasis, which is about 60% cheaper.

☆ Actress Elizabeth Hurley says cancer awareness now 'more vital than it's ever been'
▼ + stars: | 2022-02-03 | by ( Tania Bryer | ) www.cnbc.com time to read: +6 min

So, if anything, this World Cancer Day this year in 2022 is more vital than it's ever been." Hurley was speaking to "CNBC Meets" in her role as global ambassador for The Estée Lauder Companies' Breast Cancer Campaign, ahead of World Cancer Day on Feb. 4. Both women and men can be diagnosed with breast cancer which has now overtaken lung cancer as the most commonly diagnosed cancer in the world. The Breast Cancer Campaign and The Estée Lauder Companies Charitable Foundation have since provided over $108 million toward "global research, education and medical services." They're talking about fundraising, they're talking about treatments, they're talking about diagnosis, they're talking about aftercare if you've been diagnosed, how should people be treated, what can we do to help?"

Search resuls for: "coronavirus lockdowns"

4 mentions found